DE KERPEL: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DE KERPEL
Largest movements
- Cash +€53,884
up €53,884 (+55.3%), from €97,397 to €151,282
mainly Net result for the year (+€42,152) and Tax, wage and social debts (+€21,335)
- Tangible fixed assets -€17,987
down €17,987 (-50.4%), from €35,710 to €17,722
of which Plant, machinery and equipment: -€13,896
- Receivables within one year -€8,500
down €8,500 (-15.0%), from €56,501 to €48,001
of which Other amounts receivable: -€12,480
- Reserves +€121,754
up €121,754 (+414%), from €29,384 to €151,138
- Profit (loss) carried forward -€79,601
no longer reported in 2025 (was €79,601)
- Other debts -€41,059
down €41,059 (-67.0%), from €61,255 to €20,196
- Tax, wage and social debts +€21,335
new in 2025: €21,335
- Trade debts +€6,252
up €6,252 (+653%), from €957 to €7,209
- Gross operating margin +€19,486
up €19,486 (+29.7%), from €65,709 to €85,195
- Taxes +€7,510
up €7,510 (+54.3%), from €13,825 to €21,335
- Financial charges -€1,238
down €1,238 (-28.6%), from €4,330 to €3,092
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,080 | €221,383 | +€27,304 | +14.1% |
| Fixed assets | 21/28 | €35,710 | €17,722 | -€17,987 | -50.4% |
| Tangible fixed assets | 22/27 | €35,710 | €17,722 | -€17,987 | -50.4% |
| Plant, machinery and equipment | 23 | €24,946 | €11,050 | -€13,896 | -55.7% |
| Furniture and vehicles | 24 | €9,875 | €5,873 | -€4,002 | -40.5% |
| Other tangible fixed assets | 26 | €888 | €799 | -€89 | -10.0% |
| Current assets | 29/58 | €158,370 | €203,661 | +€45,291 | +28.6% |
| Stocks and contracts in progress | 3 | €1,525 | €1,275 | -€250 | -16.4% |
| Stocks | 30/36 | €1,525 | €1,275 | -€250 | -16.4% |
| Amounts receivable within one year | 40/41 | €56,501 | €48,001 | -€8,500 | -15.0% |
| Trade receivables | 40 | €41,645 | €45,625 | +€3,980 | +9.6% |
| Other amounts receivable | 41 | €14,856 | €2,376 | -€12,480 | -84.0% |
| Cash at bank and in hand | 54/58 | €97,397 | €151,282 | +€53,884 | +55.3% |
| Deferred charges and accrued income | 490/1 | €2,947 | €3,103 | +€157 | +5.3% |
| Total equity and liabilities | 10/49 | €194,080 | €221,383 | +€27,304 | +14.1% |
| Equity | 10/15 | €127,586 | €169,738 | +€42,152 | +33.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,384 | €151,138 | +€121,754 | +414% |
| Distributable reserves | 133 | €29,384 | €151,138 | +€121,754 | +414% |
| Profit (loss) carried forward | 14 | €79,601 | - | -€79,601 | |
| Amounts payable | 17/49 | €66,494 | €51,646 | -€14,848 | -22.3% |
| Amounts payable within one year | 42/48 | €62,213 | €48,740 | -€13,473 | -21.7% |
| Trade debts | 44 | €957 | €7,209 | +€6,252 | +653% |
| Suppliers | 440/4 | €957 | €7,209 | +€6,252 | +653% |
| Taxes, remuneration and social security | 45 | - | €21,335 | +€21,335 | |
| Taxes | 450/3 | - | €21,335 | +€21,335 | |
| Other amounts payable | 47/48 | €61,255 | €20,196 | -€41,059 | -67.0% |
| Accrued charges and deferred income | 492/3 | €4,281 | €2,906 | -€1,376 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,214 | €17,987 | -€226 | -1.2% |
| Other operating charges | 640/8 | €551 | €782 | +€231 | +41.9% |
| Gross operating margin | 9900 | €65,709 | €85,195 | +€19,486 | +29.7% |
| Operating profit (loss) | 9901 | €46,945 | €66,426 | +€19,481 | +41.5% |
| Financial income | 75/76B | €595 | €154 | -€441 | -74.1% |
| Recurring financial income | 75 | €595 | €154 | -€441 | -74.1% |
| Financial charges | 65/66B | €4,330 | €3,092 | -€1,238 | -28.6% |
| Recurring financial charges | 65 | €4,330 | €3,092 | -€1,238 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €43,210 | €63,487 | +€20,278 | +46.9% |
| Income taxes | 67/77 | €13,825 | €21,335 | +€7,510 | +54.3% |
| Profit (loss) for the period | 9904 | €29,384 | €42,152 | +€12,768 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,384 | €42,152 | +€12,768 | +43.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.